Question

Quiz

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01:54:58
Which best describes the role the availability of resources plays when a company is considering whether to produce a
certain good?
Resources can always be obtained, no matter what the cost.
If a resource is difficult to obtain, production costs will be high.
O Resources play no part in a company's decision to produce a good.
○ If a resource is easy to obtain, production costs will be high.

Answer 1

The second one, “If a resource is difficult to obtain, production cost will be high” is correct. If it takes a lot of money to make it, it’s gotta sell for a little higher so that the company can make money